TERRITORIAL RISK CLASSIFICATION USING SPATIALLY DEPENDENT FREQUENCY-SEVERITY MODELS
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DOI: 10.1017/asb.2017.7
Abstract: In non-life insurance, territory-based risk classification is useful for various insurance operations including marketing, underwriting, ratemaking, etc. This paper proposes a spatially dependent frequency-severity modeling framework to produce territorial risk scores. The framework applies to… read more here.
Keywords: territorial risk; risk; insurance; frequency severity ... See more keywords